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    4. Important Agriculture Q
    5. Which cost refers to the additional cost incurred by producing one additional unit of output?

    Question

    Which cost refers to the additional cost incurred by

    producing one additional unit of output?
    A Implicit costs Correct Answer Incorrect Answer
    B Marginal costs Correct Answer Incorrect Answer
    C Opportunity costs Correct Answer Incorrect Answer
    D Social costs Correct Answer Incorrect Answer

    Solution

    Marginal cost is calculated by dividing the change in total cost by the change in quantity, representing the additional cost per unit.

    Practice Next
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    Relevant for Exams:

    • Uttarakhand Assistant Agriculture Officer

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